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You save $1,000 each year for your retirement for 30 years with 6%. How much will be the value of the retirement fund? -- This

You save $1,000 each year for your retirement for 30 years with 6%. How much will be the value of the retirement fund?

-- This is a retirement plan question. You need to use future value annuity as you are going to save the same amount of money every year.

-- FV = 1000 * ((1+6%)^30-1)/6%

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